New Delhi: Tata Motors’ Rs1 lakh car ‘Nano´, unveiled at the ongoing Auto Expo here, will propel the company as the country’s biggest light vehicle manufacturer by 2013, a study by German research firm CSM World Wide said.
Tata Motors would roll out nearly 1.2 million light vehicles (LVs) per annum in the next five years, of which Nano alone would contribute more than 50%.
The company will sell about two lakh units more than Maruti Suzuki, which is the market leader in the low-cost, small car segment, by 2013.
“Nano will help Tata in increasing its stake in the segment as it is expected to sell more than six lakh units per annum by 2013,” CSM World Wide CEO & President Craig Cather told PTI on the sidelines of an auto summit organised by Federation of Auto Dealers Association.
“Ultra low-cost vehicles like Nano will also help in bringing new buyers to the market,” he added.
In the next five years, Tata Motors, Maruti Suzuki and Hyundai will be able to retain the top three position in the LV sales in the country at 12, 10 and four lakh units respectively, the study projected.
By 2013, India would also become the largest producer of light vehicles in the world with an additional capacity of 22 lakh units per annum.
India may sell around 45 lakh vehicles per annum in the segment in the next five years, contributing around 16.7% to the total global sales, followed by China at 12.3%, the study said